With the crisis of shrinking advertising revenues and dwindling profits that is facing our major newspapers, innovative new revenue ideas are emerging that promise to reinvent journalism in the age of the internet.

I mentioned about a new service called Circulate that promises to help people find more relevant news and information while helping the companies that produce that information find more ways to pay for it.

Stealth startup CircLabs launched in late May with the goal of “sustaining” the business of journalism by bundling content, social features and ads, while giving readers a single platform for subscriptions and micro-payments to multiple publications.

CircLabs, the hard-to-describe startup that aims to create new revenue streams for news sites, has detailed a little more about its plans. And Martin Langeveld, who’s involved in the project, has written more about it too.

You know timing really is everything. Just the other day, I explained the semantic web. At the time, I didn’t realize how many projects were already near completion to help those predictions about more intelligent computers to come true.